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India to consider relaxing insurers' debt investment rules-minister

NEW DELHI, Oct 1 (Reuters) - India's insurance regulator will consider relaxing norms for insurance companies investing in debt instruments, to encourage investments in securities other than those that are AAA-rated, Finance Minister P. Chidambaram said on Monday.

Under the existing rules, insurance companies are required to put 75 percent of their debt market investment into AAA-rated securities.

(Reporting by Manoj Kumar and Arup Roychoudhury)

((devidutta.tripathy@thomsonreuters.com)(+91 98187 86430)(Reuters Messaging: devidutta.tripathy.thomsonreuters.com@reuters.net))

Keywords: INDIA INSURANCE/SECURITIES